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According to news from the Japanese media on the weekend, Sharp Corporation of Japan has coordinated with Taiwan’s Hon Hai Industrial Co. on the sale of a TV assembly plant in Malaysia. It may involve the layoff of 2,000 people, which will make Sharp's global layoffs this year exceed 10,000.
According to the report, due to the sharp drop in Sharp's share price, it is expected that the amount of funds injected by Hon Hai will fall sharply from the original scheduled price of 66.9 billion yen (approximately RMB 5.4 billion). Sharp may wish to make up for the difference by selling the Malaysian plant. Sharp has decided to sell its Mexican and Nanjing plants to Hon Hai, and the sale of the two plants will further reduce the number of employees by more than 3,000. Prior to this, Sharp has announced plans to lay off about 5,000 people.
Since last year, Sharp has experienced frequent financial crises. Sharp has chosen to lay off staff globally and decided to cut pay for employees.
According to the report, due to the sharp drop in Sharp's share price, it is expected that the amount of funds injected by Hon Hai will fall sharply from the original scheduled price of 66.9 billion yen (approximately RMB 5.4 billion). Sharp may wish to make up for the difference by selling the Malaysian plant. Sharp has decided to sell its Mexican and Nanjing plants to Hon Hai, and the sale of the two plants will further reduce the number of employees by more than 3,000. Prior to this, Sharp has announced plans to lay off about 5,000 people.
Since last year, Sharp has experienced frequent financial crises. Sharp has chosen to lay off staff globally and decided to cut pay for employees.
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